ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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MAHARASHTRA-Towards a Change

science and technology concentrated form of economic activity. Given the differences in salary levels of scientists and technologists in the industrialised countries and India, there may be scope for increasing the salaries of Indian scientists and technologists four-fold (thereby providing material incentives to attract and retain the best available talent within the country) without affecting our cost advantage. However, it is the logic of the industrial development strategy which creates little demand for locally developed technologies. This strategy results in conditions which appear to make local R and D neither necessary nor profitable since the required technologies already exist abroad and it is costly to develop them locally and commercial success cannot be guaranteed in advance. Instead of running after foreign R and D it is time our policy planners realised that local R and D can be successful if there is a significant demand for it from the productive sector. This requires alteration of our industrial development strategy in such a way as to create this demand where the supply potentially exists.

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